CARBON TRADING-THE FUTURE MONEY VENTURE FOR INDIA
International Journal of Research Publication, 3 (1003152018102):
6 (April 2018)DOI: 1003152018102.pdf
Zusammenfassung
Today, in this world of basic needs and extravagant greeds, mother nature tends for a eco-friendly future whereas the most basic need of man is now a days simply defined as MONEY. I think everyone is scratching their heads on discovering a solution on the grave concern of ‘Global Warming’ . Can technology be brought to use to make a difference? Can the ECO-ECONOMY be achieved? Yes, one of the best solution is carbon credits. Credits can be traded on the carbon markets in the same way as stocks and shares and therefore have intrinsic value. The goal is to allow market mechanisms to carry out successful industrial and commercial processes with considerably low emissions than those used when there is no cost to emitting carbon dioxide and other GHGs into the atmosphere. Since GHG mitigation projects generate credits, this approach can be used to finance carbon reduction schemes between trading partners and around the world.